Corporate and legal

Time Warner reported on Wednesday lower sales and earnings for its third quarter, with a drop in revenue across virtually all segments, including AOL.

Sales for the quarter dropped 6 percent to $7.1 billion from $7.5 billion in the year-ago quarter. Earnings fell to $661 million, or 55 cents a share, compared with $1.1 billion a year ago. Adjusted earnings per share was 61 cents, compared with analyst expectations of 53 cents, according to Thomson Reuters.

Time Warner also increased its full-year earnings per share outlook to at least $2.05. Previously, Reuters reported, the company had … Read more

Aiming to stay relevant, Microsoft is introducing a new look for its MSN.com home page.

Although MSN gets far less attention than the company's Bing or Windows Live efforts, the home page remains an important economic engine for Microsoft's online business, as well as a significant source of search traffic for Bing.

"We believe it's an important asset for Microsoft," said MSN general manager Bob Visse.

The site is still the top portal in about 25 of the 46 markets, with about 600 million unique users globally and 100 million in the U.S, … Read more

Linux jobs in the United States are booming, up 6 percent since January, according to data from Dice.com. This will come as small consolation to Novell employees, however, which weathered another round of layoffs at the Waltham, Mass.-based company.

According to several sources within the company, and confirmed by Novell's public-relations director, Ian Bruce, Novell last week laid off 100 to 130 people of its roughly 3,900 global employees.

While my sources indicated that the Workgroup division was particularly hard-hit, Bruce told me that the cuts came "across the company, both geographically and productwise."… Read more

It was bound to happen. AT&T is suing Verizon Wireless over its "There's a Map for That" advertising campaign.

When I first saw the advertisements on TV, I thought for sure that AT&T or Apple would file a lawsuit claiming the advertisement was too similar to the iPhone's "There's an App for That" slogan.

I was right about one thing. AT&T is suing Verizon. But I was wrong about the reason behind the suit.

AT&T's beef isn't over the wording of the "… Read more

Oracle is taking a hard line in dealing with European Union objections to its planned acquisition of Sun Microsystems, according to a Financial Times report Tuesday.

EU antitrust regulators are concerned that Oracle, which has a large business in proprietary software, won't be a good home for Sun's open-source MySQL database business. According to the report, Oracle is unyielding, offering no concessions to deal with the EU's concerns.

That stance could lead the regulators to issue a formal complaint objecting to the deal, and that move could occur within days, according unnamed sources in the story. Neither … Read more

Malwarebytes is accusing China-based computer security firm IObit of intellectual property theft, but IObit denied the allegations and said there were problems with its malware submission site.

Malwarebytes claims IObit stole from its database of signatures of malicious applications that its software uses for detecting malware on customer computers.

Malwarebytes discovered that IObit's Security 360 free anti-malware software was flagging a specific key generator piece of code for Malwarebytes' Anti-Malware software and using the same naming scheme, which includes the phrase "Don't Steal Our Software," according to a blog post on the Malwarebytes.org site.

After … Read more

Dell announced on Tuesday that it has completed its $3.9 billion offer to buy Perot Systems. By accepting Perot's stock at $30 per share, Dell will own more than 90 percent of the company.

Dell's takeover of Perot has created a new business unit called Dell Services, which will provide IT services to customers. Dell's reach will now extend into technology hosting, consulting, and application outsourcing, among other segments.

Former Perot Chief Executive Officer Peter Altabef will become president of Dell Services, reporting directly to Dell Chairman and CEO Michael Dell. Altabef has steered Perot for … Read more

Damaged by lower sales, huge operating losses, and a falling market share, Nokia Siemens Networks is pinning its hopes on a major reorganization.

The network equipment maker, jointly owned by Nokia and Siemens, announced Tuesday that it will lay off 5,700 employees and cut its five business units to three as part of a plan to slash expenses by 500 million euros ($740 million) by the end of 2011.

The layoffs will represent around 7 percent to 9 percent of the company's 64,000 global employees and is likely to be felt across all countries in which Nokia … Read more

Cisco Systems, EMC, and VMware announced Tuesday a joint venture to sell a new integrated data center product.

The venture will sell and provide maintenance and service support for the product, which is called V-Block. It will combine EMC's storage equipment, Cisco's virtualized servers and networking equipment, and VMware's virtualization technology.

The deal had been rumored since September, when the Wall Street Journal reported the companies were working on a collaborative effort code-named Alpine. Talk of the deal heated up late last week and early this week.

The joint venture will market and provide maintenance for the … Read more